Could your business cope with unexpected legal costs? If you’re running your own business, as well as your day-to-day job, you probably have to deal
What insurance does an electrician need?
Electricians and electrical contractors should have public liability insurance, professional indemnity insurance and employer’s liability insurance (if trading as a limited company with two or more people employed by the business). NAPIT members need to have a minimum of £2million public liability and £250,000 professional indemnity insurance.
Are tools covered by NAPIT electrical contractors insurance?
Tool theft is one of the most frequent claims for electricians and other similar trades. Without your tools, you can’t work. Tool insurance from NAPIT Insurance covers your equipment 24/7, whether it’s in a vehicle or in a building.
Why does an electrician need personal accident cover?
Something as relatively straightforward as a broken arm can leave you unable to drive or carry out your work as an electrician. If you’re self-employed or a sole trader, the financial impact can be significant for you, your business and your family. Personal accident cover can help pay the bills while you recover.
Does NAPIT Insurance provide cover for electric vehicle charger installations?
Insurance for electrical contractors varies and it’s important to understand what you’re covered for – and what is excluded. With NAPIT Insurance, as long as you’re qualified to carry out the work, the installation of electric vehicle charging points is included as standard. No need for an add-on or extra premium.
Why do electricians need professional indemnity insurance?
Whilst not a legal requirement, professional indemnity insurance (PI) is essential protection for anyone who provides a professional service or advice to clients. It provides compensation for losses you are legally liable for if you make a mistake or give negligent advice which results in a loss to the client or in the event the work you carried out is deemed to be defective, inadequate or fails to perform.
What if an employee is injured?
Employers’ liability insurance covers the legal and compensation costs if an employee, or anyone else working for you, claims that they were injured or fell ill due to a work-related cause.
Why does an electrical contractor need cyber cover?
In today’s world, if you have a smart phone and an email address, you could be hacked or be the target of a phishing scam, and your customer data compromised. Cyber-crimes and claims have escalated dramatically in recent months, and all businesses regardless of size should consider cyber insurance.